EURJPY London briefing — 2026-08-04

BIAS BEARISH. D1 structure bearish; H4 EMA confirms downtrend. H1 neutral divergence suggests intraday consolidation, not reversal. RSI 42 supports weakness. KEY LEVELS R: 181.5, 187.48 | S: 181.0, 179.14 NEWS 🟡 Labor Cash Earnings YoY (JPY) – Tue 23:30 UTC 🟡 BoJ Minutes (JPY) – Tue 23:50 UTC 🟡 Jibun Services PMI (JPY) – Wed 00:30 UTC SESSION OUTLOOK Watch BoJ Minutes for policy tone shift. Economic data prints may trigger volatility into London close; bears favor sub-181 breaks.

Key Levels

R: 181.500 · 187.480

S: 181.000 · 179.145